Linklaters has pushed Clifford Chance aside as the largest global law firm based on revenues. The firm released its 2008-09 financials on Friday, reporting a slight increase in revenues and a drop in profits per equity partner.

Gross revenue for the fiscal year was 1.298 billion pounds ($2.407 billion), a 0.4 percent increase from the 1.293 billion pounds ($2.589 billion) in revenues earned in 2007-08. The amount exceeds the revenues earned in the same period by Magic Circle rival Clifford Chance, which last week reported a 5 percent drop in revenue to 1.262 billion pounds ($2.34 billion).

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